EuNetworks launches ultra low latency route from London to Stockholm

Published on   Dec 17, 2010
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EuNetworks Group Limited (SGX: H23.SI), announced it has launched a new ultra low latency route from London to Stockholm, marking the completion of the latest phase of its network development programme dedicated to the financial services community.

Following high demand in the third quarter for new routes linking Slough to London and London to Frankfurt, with more than 22 new contracts signed, this new London to Stockholm route further strengthens euNetworks' euTrade service portfolio and provides one of the shortest routes in the market today.

euNetworks has again demonstrated its industry leading deployment capability, reducing the previous leading latency on the London to Stockholm route by 12%. This new straight point-to-point route offers a round trip time of 22.4 milliseconds.

The euTrade service portfolio delivers tailored solutions with on-demand connectivity between all major Stock Exchanges and clearing houses across Europe. Ranging from dedicated fibre to wavelengths and Ethernet based services, euTrade delivers pre-installed capacity for quick turn-up to bespoke solutions on optimised routes for lowest possible latency.

"Our continued investment in this network development programme is underpinned by the growing requirements our clients have in the European market," said Brady Rafuse, Chief Executive Officer at euNetworks. "Our position in the market is strengthening in line with the demand we are seeing for our euTrade service and the true differentiation we offer. As a bandwidth infrastructure company, we remain committed to delivering the network performance that the financial services community and indeed other communities need to maximise their business potential. We continue to work closely with our clients, with further route optimisation and metro developments planned for 2011."

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On July 3, 2013, the courts pronounced caveat emptor with respect to execution performance in the FX market. U.S. District Judge Denise Cote threw out a lawsuit, which accused JPMorgan Chase & Co. of breaching a fiduciary duty to custodial clients by charging “hidden and excessive mark-ups” on currency trades. Judge Lewis Kaplan dismissed a lawsuit directed at officials of Bank of New York Mellon, for ignoring “red flags” or knowing that trades were being processed at the worst or near-worst prices of the day.

To read it full, visit the smartTrade page for download here